Development bank markets first ever Honduran currency-linked offshore note

Marc Wolterink, 15 May 2018

Dutch development bank FMO (Nederlandse Financierings-Maatschappij voor Ontwikkelingslanden) has issued its first ever Honduras lempira (HNL) linked note in the off-shore market for a notional amount of US$10m and a maturity period of two years. The notes, which pay a fixed annual coupon of 5.80%, were snapped up by a number of European asset managers.

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